Midday movers: CrowdStrike, Microsoft and American Express fall, Schlumberger gains
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StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Intuitive Surgical (ISRG) PT Raised to $520 at Argus
July 23, 2024 2:12 PM EDTArgus analyst David Toung raised the price target on Intuitive Surgical (NASDAQ: ISRG) to $520.00 (from $450.00) while maintaining a Buy rating.
The analyst comments "BUY-rated Focus List selection Intuitive Surgical Inc. (NGS: ISRG) is a leader in the... More
UBS Reiterates Buy Rating on SLB (SLB), 'Top Pick in Energy Services'
July 23, 2024 6:49 AM EDTUBS analyst Josh Silverstein reiterated a Buy rating and $67.00 price target on SLB (NYSE: SLB)
The analyst comments "SLB reported 2Q24 Adj. EPS of $0.85/sh, topping UBS/Street $0.82/$0.83. The beat was driven by stronger margins, with SLB's 25% Adj. EBITDA margin above UBS/Street... More
Citi Upgrades Coinbase Global Inc. (COIN) to Buy
July 23, 2024 5:45 AM EDTCiti analyst Peter Christiansen upgraded Coinbase Global Inc. (NASDAQ: COIN) from Neutral to Buy with a price target of $345.00 (from $260.00).
The analyst comments "Shifts in the U.S. Election landscape and the Supreme Courts overturning of the long-standing Chevron precedent has changed our... More
Netflix (NFLX) PT Raised to $675 at Citi
July 22, 2024 2:32 PM EDTCiti analyst Jason Bazinet raised the price target on Netflix (NASDAQ: NFLX) to $675.00 (from $660.00) while maintaining a Neutral rating.
The analyst comments "We are updating our model to reflect 2Q24 results and our latest outlook. Following our update, our estimates move modestly... More
SLB (SLB) PT Raised to $65 at Stifel
July 22, 2024 1:17 PM EDTStifel analyst Stephen Gengaro raised the price target on SLB (NYSE: SLB) to $65.00 (from $64.00) while maintaining a Buy rating.
The analyst comments "SLB's 2Q24 results, 3Q24 guidance, and 2024 outlook (EBITDA up 14-15%) support our positive outlook for the shares. Based on SLB's track... More
Halliburton (HAL) PT Lowered to $45 at Stifel
July 22, 2024 1:16 PM EDTStifel analyst Stephen Gengaro lowered the price target on Halliburton (NYSE: HAL) to $45.00 (from $46.00) while maintaining a Buy rating.
The analyst comments "Shares of HAL fell 5.6% versus a 0.7% drop in the S&P 500 on Friday (7/19) after announcing mixed 2Q24 results, weaker-than-expected 3Q24... More
Oppenheimer Reiterates Outperform Rating on CrowdStrike Holdings (CRWD), 'Removing from Top Picks'
July 22, 2024 10:16 AM EDTOppenheimer analyst Ittai Kidron reiterated an Outperform rating and $450.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst ocmments "We are removing CrowdStrike from our 2024 Top Picks. While we remain positive on the long-term opportunity, we expect shares to face continued pressure near-term as the company deals with the fallout of its defective software update and... More
RBC Capital Reiterates Outperform Rating on SLB (SLB)
July 22, 2024 6:29 AM EDTRBC Capital analyst Keith Mackey reiterated an Outperform rating and $69.00 price target on SLB (NYSE: SLB).
The analyst comments "SLB's 2Q24 results and near-term guidance were solid. The company continues to benefit from favourable trends in international and offshore oil & gas development, while its... More
Halliburton (HAL) PT Lowered to $44 at RBC Capital
July 22, 2024 6:27 AM EDTRBC Capital analyst Keith Mackey lowered the price target on Halliburton (NYSE: HAL) to $44.00 (from $45.00) while maintaining a Outperform rating.
The analyst comments "HAL's 2Q24 results were in line with our expectations. The stock took a 5% hit on lower North America... More
CrowdStrike Holdings (CRWD) PT Lowered to $380 at RBC Capital
July 22, 2024 6:26 AM EDTRBC Capital analyst Matthew Hedberg lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $380.00 (from $420.00) while maintaining a Outperform rating.
The analyst comments "While the outage could remain a near-term overhang, we believe CrowdStrike will emerge as a... More
American Express (AXP) PT Raised to $267 at RBC Capital
July 22, 2024 6:25 AM EDTRBC Capital analyst Jon Arfstrom raised the price target on American Express (NYSE: AXP) to $267.00 (from $265.00) while maintaining a Outperform rating.
The analyst comments "We are recapping 2Q results. This was a solid quarter with consistent revenues, controlled expenses, and stable credit... More
BTIG Downgrades CrowdStrike Holdings (CRWD) to Neutral
July 22, 2024 6:20 AM EDTBTIG analyst Gray Powell downgraded CrowdStrike Holdings (NASDAQ: CRWD) from Buy to Neutral.
The analyst comments "On Friday 7/19, a CRWD software update caused a major global outage impacting businesses worldwide. After speaking with five senior security executives about the incident, we are downgrading CRWD shares to Neutral. In short, the feedback from our discussions was more... More
Halliburton (HAL) PT Lowered to $40 at BofA Securities
July 22, 2024 5:53 AM EDTBofA Securities analyst Chase Mulvehill lowered the price target on Halliburton (NYSE: HAL) to $40.00 (from $41.00) while maintaining a Buy rating.
The analyst comments "HAL now sees its NAM revenue down 6-8% YoY in 2024E (prior flattish YoY). This is also... More
Halliburton (HAL) PT Lowered to $40 at JPMorgan
July 22, 2024 5:08 AM EDTJPMorgan analyst Sean Meakim lowered the price target on Halliburton (NYSE: HAL) to $40.00 (from $45.00) while maintaining a Overweight rating.
The analyst comments "HAL shares slid 5.6% on Friday, lagging the OSX Index by 421bps driven by the 2Q24 operating miss and full-year guidance cut. Heading into the print, we think the market was anticipating a modest guide down to 2H24 NAM expectations, but we think the updated... More
Wolfe Research on CrowdStrike Holdings (CRWD): 'many unknowns related to the impact on the brand'
July 19, 2024 1:46 PM EDTWolfe Research analyst Joshua Tilton reiterated a Peerperform rating on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst comments "Our Take. While public cloud outages appear to have become a normal cost of doing business with the hyperscalers, the outage caused by the CRWD update is more severe than the cloud outages that organizations are accustomed to given that it... More
CrowdStrike Holdings (CRWD) PT Lowered to $350 at Evercore ISI
July 19, 2024 11:13 AM EDTEvercore ISI analyst Peter Levine lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $350.00 (from $405.00) while maintaining a Outperform rating.
The analyst comments "This is an unprecedented event and not something we or anyone had in their cards. First, this... More
Citi on CrowdStrike Holdings (CRWD): 'We see risk to billings and ARR', 'Reminiscent of Too Big to Fail'
July 19, 2024 11:10 AM EDTCiti analyst Fatima Boolani reiterated a Buy rating and $425.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst comments "We see risk to billings and ARR on the heels of CRWDs widespread outage, where the roll-out of a defective software update to... More
BMO Capital on CrowdStrike Holdings (CRWD): 'we believe there will be financial consequences from this issue'
July 19, 2024 10:07 AM EDTBMO Capital analyst Keith Bachman reiterated an Outperform rating and $410.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst comments "First, in our experience companies, and stocks, recover from technology challenges and breaches. However, we believe there will be financial consequences... More
Goldman Sachs Defending CrowdStrike Holdings (CRWD)
July 19, 2024 9:22 AM EDTGoldman Sachs analyst Gabriela Borges reiterated a Buy rating and $400.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).
The analyst comments "CrowdStrike is indicated down 13% in pre-market trading on July 19 post news overnight on a widespread outage of Microsoft systems globally, caused by a CrowdStrike update to a Falcon sensor. The outage, coupled with what appears to be an unrelated Microsoft Azure outage on Thursday for some customers in the central United States, has led to disruption of services at several airlines, financial institutions and businesses (WSJ). At 5:45am ET, George... More
Evercore ISI on Halliburton (HAL): 'We believe HAL’s 2Q24 earnings release has slightly positive implications for the stock'
July 19, 2024 9:13 AM EDTEvercore ISI analyst James West reiterated an Outperform rating and $52.00 price target on Halliburton (NYSE: HAL)
The analyst comments "We believe HALs 2Q24 earnings release has slightly positive implications for the stock. There were several key takeaways from the release: 1) Operating income of approximately $1.03 billion increased 5% sequentially. Excluding the $29 million expense for the ongoing SAP upgrade, operating income would have been $1.06 billion... More
Citi Reiterates Buy Rating on Halliburton (HAL)
July 19, 2024 9:12 AM EDTCiti analyst Scott Gruber reiterated a Buy rating and $45.00 price target on Halliburton (NYSE: HAL).
The analyst comments "This morning, HAL reported 2q24 EPS of $0.80, slightly above our $0.79 estimate and in-line with consensus. EBITDA of $1.332bn was in-line with our forecast and 2% above... More
Netflix (NFLX) PT Raised to $695 at Macquarie
July 19, 2024 9:12 AM EDTMacquarie analyst Tim Nollen raised the price target on Netflix (NASDAQ: NFLX) to $695.00 (from $685.00) while maintaining a Outperform rating.
The analyst comments "Q2 results largely beat expectations, with 8m sub adds, revenue growth of 17% and op margin of 27%. The Q3 outlook... More
Citi Reiterates Buy Rating on SLB (SLB)
July 19, 2024 9:11 AM EDTCiti analyst Scott Gruber reiterated a Buy rating and $62.00 price target on SLB (NYSE: SLB).
The analyst comments "SLB reported 2q EBITDA of $2.288B, 1% above FactSet consensus and 2% above our forecast. Adjusted EPS of 85c beat consensus at 83c and our... More
Citi Reiterates Neutral Rating on American Express (AXP)
July 19, 2024 9:11 AM EDTCiti analyst Keith Horowitz reiterated a Neutral rating and $250.00 price target on American Express (NYSE: AXP)
The analyst comments "AXP reported broad-based pressure on the top line as spend growth trends were softer than expected, but demonstrated flexibility on expenses to offset.... More
